Davidson Kempner Capital Management LP Purchases Shares of 116,816 LendingTree, Inc. (TREE)

Davidson Kempner Capital Management LP purchased a new position in shares of LendingTree, Inc. (NASDAQ:TREE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 116,816 shares of the financial services provider’s stock, valued at approximately $28,550,000. Davidson Kempner Capital Management LP owned approximately 0.98% of LendingTree as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Jackson Square Partners LLC raised its position in shares of LendingTree by 0.3% in the 3rd quarter. Jackson Square Partners LLC now owns 549,600 shares of the financial services provider’s stock valued at $134,349,000 after purchasing an additional 1,853 shares in the last quarter. Vanguard Group Inc. raised its position in shares of LendingTree by 45.6% in the 2nd quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after purchasing an additional 167,933 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of LendingTree by 3.2% in the 3rd quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock valued at $84,782,000 after purchasing an additional 10,657 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of LendingTree by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock valued at $54,428,000 after purchasing an additional 18,678 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of LendingTree by 55.6% in the 3rd quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock valued at $54,117,000 after purchasing an additional 79,065 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on TREE shares. Northland Securities reaffirmed a “buy” rating and issued a $280.00 target price on shares of LendingTree in a research report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price (up from $250.00) on shares of LendingTree in a research report on Thursday, October 26th. Bank of America upped their target price on LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised LendingTree from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, Oppenheimer upped their target price on LendingTree to $340.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $251.25.

Shares of LendingTree, Inc. (NASDAQ TREE) opened at $315.05 on Monday. LendingTree, Inc. has a twelve month low of $96.20 and a twelve month high of $319.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. The firm has a market capitalization of $3,770.83, a P/E ratio of 95.76, a PEG ratio of 2.83 and a beta of 1.54.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. During the same period in the previous year, the business earned $0.80 EPS. The business’s quarterly revenue was up 81.3% on a year-over-year basis. sell-side analysts predict that LendingTree, Inc. will post 3.06 earnings per share for the current fiscal year.

In other news, CAO Carla Shumate sold 2,414 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $275.00, for a total value of $663,850.00. Following the completion of the sale, the chief accounting officer now directly owns 4,841 shares in the company, valued at approximately $1,331,275. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas R. Lebda sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $275.00, for a total value of $4,400,000.00. Following the completion of the sale, the chief executive officer now owns 453,418 shares of the company’s stock, valued at $124,689,950. The disclosure for this sale can be found here. Insiders sold a total of 97,374 shares of company stock valued at $27,064,286 over the last quarter. Company insiders own 21.90% of the company’s stock.

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LendingTree Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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